German Europe

All quiet on the euro front? Seen from Berlin, it looks as though the
continent is now under control at last, after the macro-financial
warfare of the last three years. A new authority, the Troika, is
policing the countries that got themselves into trouble; governments
are constitutionally bound to the principles of good housekeeping.
Further measures will be needed for the banks – but all in good time.
The euro has survived; order has been restored. The new status quo is
already a significant achievement.